Market Herald logo


Be the first with the news that moves the market

Software company LiveTiles Technologies has announced a 208 per cent increase in growth, anniversarying it reoccurring revenue reach, from $11.2 million in 2018, to $34.5 million this March.

The company aims to organically grow ARR to at least $100m by June 30 2021.

LiveTiles CEO Karl Redenbach says the company expects a strong revenue growth throughout the 2019 financial year, particularly propelled by an AI product launch.

Earlier this year, LiveTiles acquired Microsoft-aligned and Copenhagen based workplace software Wizdom.

The acquisition of Wizdom aimed at growing the company in the European region.

During acquisition, Wizdom had a ‘high quality’ customer base of 243 clients.

CEO Redenbach also expressed confidence to achieve the $100m 2021 target.

Please see the announcement attached

LVT by the numbers
More From The Market Herald
Swoop (ASX:SWP) - CEO, Alex West

" Swoop (ASX:SWP) completes $41m placement

Network services provider Swoop (SWP) has successfully completed its oversubscribed $41 million placement.
ClearVue Technologies (ASX:CPV) - Non Executive Director, John Downes

" ClearVue Technologies (ASX:CPV) appoints LendLease’s John Downes to board

Smart building materials company ClearVue Technologies (CPV) has appointed LendLease’s (LLC) John Downes as Non-Executive Director.
Superloop (ASX:SLC) - Managing Director and CEO, Paul Tyler

" Superloop (ASX:SLC) shares rise on $140m sale of HK, Singapore assets

Shares in Superloop (SLC) are soaring in early trade after the broadband provider announced it was selling some of its Asian assets for
ELMO Software (ASX:ELO) - CEO, Danny Lessem

" ELMO Software (ASX:ELO) launches new COVID-19 tracking module

ELMO Software (ELO) has launched a new module, enabling businesses to track employee’s COVID-19 vaccination and test status.